One of the nation’s largest housing builders is moving its headquarters to Atlanta and is looking for a home in the metro area. A top official at PulteGroup, formerly located in the Detroit area, confirmed early today that the company is moving its headquarters from Bloomfield Hills to Atlanta.
“We have historically managed our growth from Michigan, but the Company has reached a point where we must pursue a strategy that better fits with the long-term growth trends for our company and industry. This relocation will bring us closer to our customers and a larger portion of our investment portfolio,” said Richard J. Dugas, Jr., PulteGroup’s CEO.
“This was not an easy decision but I am confident that it is the right choice, at the right time, for the ongoing success of the organization.”
PulteGroup spokesman James Zeumer had earlier confirmed to WWJ Newsradio 950 that the company’s board of directors approved the move and they are now looking for office space.
“This was a very, very hard decision for us,” Zeumer told WWJ. “Bill Pulte started this company in Michigan in 1950, so you’re looking at more than six decades of history. We certainly appreciate that, but what really has to be noted here is that over a third of our business now, of our closings in 2012 took place in the southeast.”
The Bloomfield Hills headquarters employs about 370 people, but not all of those jobs will be moving to Atlanta as the Michigan division operations will stay in the state.
“This was about an opportunity for us to get a little bit closer to our customers and where our investments are being made, and that was really the focus and the genesis for the decision,” he said.
Zeumer said the move, which isn’t expected to take place until 2014, also has nothing to do with the current CEO of PulteGroup, Richard Dugas Jr., having a history in Atlanta.
Citing an “individual with knowledge of the matter,” the AJC reports that PulteGroup is likely moving to an undetermined office building in the Buckhead area.